Chrysler Lifts Secrecy Veil to Reveal First-Half Profit

Bowing to pressure wrought by “false speculation” about its financial health, Chrysler LLC reveals it earned a first-half pre-tax profit of $1.1 billion and had $11.7 billion in cash and marketable securities.
The profit total is preliminary, says Vice Chairman and Co-President Jim Press, adding it exceeds Chrysler’s internal target. But Chrysler reveals neither the target nor whether the profit total is adjusted or unadjusted for special items, such as restructuring charges.
Still, the ...

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